B.C. Reduces Production Services and Digital Animation or Visual Effects Film Tax Credits

Summary

On May 2, 2016, following a lengthy consultation process, B.C.’s Finance Minister Michael de Jong released a statement announcing proposed reductions to the respective rates of the B.C. Production Services Tax Credit (PSTC) and the B.C. Digital Animation or Visual Effects Tax Credit (DAVE). The proposed reductions are subject to the approval of the B.C. legislature and implementation legislation and regulations.